Nelly Shishkova

TaxMasters, Inc. (OTC:TAXS) Breaks Up the Resistance by Promotions

by Nelly Shishkova January 19, 2012
After two days of zero price changes, TaxMasters, Inc. (OTC:TAXS) is moving up again. Yesterday, the stock soared 14.29%TAXS_chart1.png on quite rather high traded volume.

Looks like TaxMasters is determined to hold the gain for longer. This time by promotions.

The campaign was held yesterday when Black Cat Consulting paid $50,000 for promoting TAXS. In that way, the price resistance finally was broken and the stock hit the gain.

Apart from the promotions, TaxMasters has not released any news on its business this year and no one is familiar with its current operations.

The last announcement by the company dates from Dec 20, 2011 when TAXS entered into a Securities Purchase Agreement with VIG Venture Fund I, LLC for the sale of up to $3,000,000 of its common stock and three-year warrants that contain customary adjustments for corporate events such as reorganizations, splits and dividends. Since that time, no further data on TaxMasters has been released.

TAXS_logo.pngTaxMasters, Inc. has been providing tax advice for over 30 years. In mid-November, the company filed a notification of late filing with the SEC regarding its latest 10-Q report. To be clear, TAXS filed the same notification with the SEC in August that must be taken as a red signal for investors. Meanwhile, TaxMasters has been providing poor information of its financials which is still to be confirmed.

Comments 2

1. Guest
January 22, 2012, 01:20PM

Quotes This company is over 21 million in debt and will close soon. Their ads are no longer running on television. They are being sued by The Weather Channel for not paying for advertising. Read here for details about this horrible company:

2. Guest
January 19, 2012, 06:43PM

Quotes I have information on this company, and you should avoid it at all costs. They are doing a pump and dump. They are out of money and owe millions; both to creditors and to the Texas Attorney General to settle fraud allegations. Pat Cox is trying to get the stock price up to whatever level he can so he can dump the 300,000,000 shares he granted himself before the company closes down. DO NOT invest in, or do business with this company.

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